futures trading tutorial & tips for beginners, with Binance
Futures: Make Money, But Don't Expect!
1. Understand the Risks: Trading futures is like playing a roller coaster, it can go up and down drastically. Only capital that is ready to "lose" that you can bet on!
2. Training Before at Demo: Don't want to lose? Try it first on a demo account! Free to experiment, learn to use the platform, and feel the excitement of trading futures without having to spend money.
3. Choose Binance: Binance is like the "master" of futures trading. He is licensed, supervised, and the platform is easy to use. Guaranteed security, transparent transactions, ready to help you!
4. Choose the Right Contract: Determine the contract that matches your risk tolerance, knowledge, and strategy. Pay attention to volatility, contract size, and market trends.
5. Start with a Small Lot: Don't immediately "rush" to buy a large lot, let alone just starting out. Try a small lot first to feel the dynamics of the market and your strategy will become stronger.
6. Stop-Loss that Friend: Place a stop-loss order just in case. If the price drops drastically, this order will close the position automatically, so the loss is controlled.
7. Learn Technical & Fundamental Analysis: Technical analysis is like "reading" patterns and trading volumes to make price predictions. Fundamental analysis, like "looking" at the economic factors that influence asset prices.
8. Don't Panic or Greed: Keep calm! Make trading decisions based on strategy and analysis, don't get carried away by emotions!
Hope these tips are useful for you! đ
Remember: Trading futures is serious, don't be naive. #TipsTradingFutures #Binance
